This insightful article explains the transformation underway with Canada Mortgage and Housing Corporation. High housing prices? “The most familiar reasons are low interest rates, booming big-city economies, immigration, foreign and domestic speculation, and not-in-my-backyard rules that restrict supply. Less discussed is the role of CMHC and the many federal and provincial tax incentives that tempt Canadians to buy homes instead of renting them.”
It is time for Halifax Regional Municipality to dust of a 2009 document prepared by the Federation of Canadian Municipalities, Canada Mortgage and Housing Corporation, Canadian Housing and Renewal Association and Canadian Homebuilder’s Association. The report is entitled “Housing in My Backyard” – A Municipal Guide for Responding to NIMBY.